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“Fed Watch” is a macro podcast with a true and rebellious Bitcoin nature. Each episode, we question mainstream and Bitcoin narratives by examining current events in macro from across the globe with an emphasis on central banks and currencies.
slide deck for this episode here.
In recent days, many people have started to notice the National Bureau of Economic Research (NBER) has changed the definition of what constitutes a recession. Outrage at the blatant sleight of hand has come to a fever pitch. Common sentiment is, “How dare they change the definition to save the reputation of an unpopular president?”
Walmart financial release, which is important because they are the largest retailer in the world by a long margin.
excellent charts to refute the apparatchiks’ new party line: that there is no recession. First is deficit spending. On the podcast, I used this chart to show how fiscal spending is not money printing, it simply pulls demand forward. If it is not sustained, there is a gaping hole of demand coming behind it.